Bain Capital Public Equity LP Trims Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Bain Capital Public Equity LP reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,514 shares of the company's stock after selling 19,818 shares during the period. Equitable makes up 3.2% of Bain Capital Public Equity LP's holdings, making the stock its 15th largest position. Bain Capital Public Equity LP's holdings in Equitable were worth $4,930,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Equitable by 13.5% during the third quarter. Barclays PLC now owns 501,498 shares of the company's stock worth $21,076,000 after purchasing an additional 59,844 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Equitable by 2.9% during the 3rd quarter. Retirement Systems of Alabama now owns 388,430 shares of the company's stock worth $16,326,000 after buying an additional 11,085 shares during the period. Principal Financial Group Inc. lifted its position in shares of Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock valued at $89,001,000 after buying an additional 148,180 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Equitable by 20.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock valued at $38,191,000 after acquiring an additional 153,457 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after acquiring an additional 352 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Transactions at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the completion of the sale, the chief executive officer now directly owns 753,206 shares of the company's stock, valued at $38,534,018.96. The trade was a 3.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the sale, the chief operating officer now directly owns 104,298 shares in the company, valued at $5,776,023.24. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,332 shares of company stock valued at $4,141,315. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EQH has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets upped their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Evercore ISI decreased their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and upped their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Finally, Truist Financial boosted their target price on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.08.

Equitable Trading Up 0.5 %

NYSE EQH traded up $0.25 on Friday, reaching $51.44. The stock had a trading volume of 1,363,953 shares, compared to its average volume of 2,605,575. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The stock has a fifty day moving average price of $49.85 and a two-hundred day moving average price of $49.64. Equitable Holdings, Inc. has a 12-month low of $36.46 and a 12-month high of $56.00. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 13.47 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The firm had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business's revenue was up 105.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 earnings per share. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.87%. Equitable's dividend payout ratio (DPR) is 26.09%.

About Equitable

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.